Following the lead of numerous other oil and gas companies whoare trimming staff this year because of low commodity prices, UnionPacific Resources Group announced it will reduce headquarters staffby 14%, or about 140 positions. Combined with attrition, UPR’sheadquarters staff will have been reduced by about 20% since thebeginning of the year.
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UPR Cuts Headquarters Staff, Expects 4Q Charge
Following the lead of numerous other oil and gas companies whoare trimming staff this year because of low commodity prices, UnionPacific Resources Group announced it will reduce headquarters staffby 14%, or about 140 positions. UPR has significantly cut back itsU.S. operations this year, divesting an estimated $600 million inexploration and production properties. It also acquired NorcenEnergy, with its strong Latin American focus, and recently sold itsdomestic midstream business to Duke Energy.
Hebert Touts Openness to Comments on NOPR
While the FERC cooks up a rulemaking that could lead to anauction system for short-term capacity, Commissioner Curt Hebert isinviting more chefs into the kitchen. “My feeling is there is nosecret to the recipe as long as it tastes the same in the end. Andif you have another recipe, I’d enjoy hearing about it,” Heberttold attendees at Gas Daily’s conference titled “Building BetterGas Transportation” Wednesday in Houston. “
Peoples Gas, North Shore File to Fix Rates for 5 Years
Following the lead of Central Illinois Light Co. (CILCO),Peoples Energy’s Chicago gas utilities, Peoples Gas and North ShoreGas, last week took advantage of a state law passed last year thatallows the LDCs to request approval of fixed annual gas rates.
Scana Bolts to Early Lead in Georgia’s Gas Market
Scana Energy Marketing, one of only five marketers making thecut for the opening of the Georgia natural gas market Nov. 1, isclaiming the lion’s share of the 16,000 total customers signed upby the Oct. 26 deadline for initial deliveries.
Wholesale Marketing Gains Lead Enron’s Earnings Higher
Enron Corp.’s wholesale marketing division led the company witha 60% earnings increase at the same time its infant retailoperations continued to show a loss.
19 Marketers Struggle to Prepare for Georgia Competition
Scana Energy Marketing could have the early lead in Georgia’sretail gas market. Its mass marketing campaign and generousincentives for residential customers to switch suppliers seem tohave caught many competitors by surprise.
Marketers Struggle to Prepare for Georgia Competition
Scana Energy Marketing could have the early lead in Georgia’sretail gas market. Its mass marketing campaign and generousincentives for residential customers to switch suppliers seem tohave caught many competitors by surprise.
Easing of FERC Ex Parte Rules Proposed
FERC last week proposed changes that would lead in certaininstances to a less restrictive policy for off-the-recordcommunications between the agency and those outside of it,particularly with respect to staff communications while conductingenvironmental investigations.
Powder River Expected to Lead Rockies in Supply Growth
The Powder River Basin in Wyoming is expected to become thehottest new gas supply point in the Rocky Mountain region over thenext few years, and multiple pipeline companies are fighting toothand nail to deliver the burgeoning supplies. The basin is expectedto show huge production growth in a relatively short period oftime, leading some observers to compare it with the San Juan Basin,where the benefit of tax credits on coal-seam gas triggered rapiddevelopment. But Powder River producers, such as Barrett Resourcesand Western Gas Resources, are doing the job without federal help.New E&P technologies and finding techniques have enabledproducers to find the reserve sweet spots faster than ever before.